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in the economy and the lack of topline growth you're seeing from big companies reporting, like heather was referring to. >> rob, that was my point, really, is this change in market psychology. during the first quarter, that seemed to be how the market rationalized moving higher. even with a bad economic report, the fed is going to still be pumping out the $85 billion a month, so we shouldn't worry. but now we seem to be worried this week. what's going on? >> yeah, bill. i'm getting worried. i think the market psychology has changed a bit, so now we actually need good news to propel stocks higher, and i've been overweight stocks for 18 months now, but i've gotten a little more defensive here. i upgraded consumer staples, downgraded materials. haven't gone to an underweight on stocks yet, but i'm watching closely. as greg just mentioned, if the economic indicators are for the third summer in a row, turning down, this might be another sell in may, go away type summer. i don't think we're quite there yet, though. >> what are the most important numbers that we're looking at here, after the
of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want to put that issue to one side for a moment. because i have with me li jiaoung. he is a former chinese minister. i'm fortunate to get the opportunity to talk to him at this event. thanks very much for speaking to me. if i could just start off by asking you, clearly, the world has been focused on the terrorist events in boston and this tragic, very un pleasaplea event. i wonder if you could dwifs a perspective from the chinese point of view here because nobody wants to see terrorism and in particular i think the chinese have an int
manufacturing sector, creating new jobs and growing the economy for american families. energy is the foundation of our economy. we need to focus on the promise of prosperity. north american energy prosperity and the abundance that it offers to our country. america's greatness is tied to our freedom to produce and build things. republicans have a plan to grow our economy by making america a nation of builders once again. we want to streamline our government, cut red tape, and unleash the power of north american energy. with these things we can revitalize american manufacturing, and foster long-term economic growth and job creation for our citizens. lastly, we're determined to get to the truth regarding the terrorist attack on our nation's in benghazi, libya. in which three americans lost their lives. last year, i directed five committees to look at there is parts of this investigation. the next week, these committees will provide a comprehensive progress report on the investigation up to now. and this progress report will not represent the conclusion of their investigation, but it will be the be
it is harming the economy to pay too much tax? >> yeah. we all know that. the other point is that we have a big fragmented tax system. so i want to add up not just federal income taxes but there is federal, state income taxes, local income taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. b
, weekly jobless claims of. the market down. four out of the five past days. the state of the economy next. alec, for this mission i upgraded your smart phone. ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earn witmy ventu car sauce to erase recent tvel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? could lose tens of thousands of dollars on their 401(k) to hidden fees. thafully e-trade has low cost investments and no hidden fees. but, you know, if you're still bent on blowing this fat stack of cash, there's a couple of ways you could do it. ♪ ♪ or just go to e-trade and save it. boom. ♪ ♪ lou: optimism about economic growth commissioning -- diminishing as markets posted sharp losses for a third day this week. talk about the short-term. joining me now with his outlook for the economy, former bp, the president and ceo of the cake schiller institute. good to have you with us. >> goo
important than ref knew. i know the economy is soft. therefore revenues is soft. why aren't earnings much more important? why is wall street so obsessed with the revenues? >> the good news, larry, is that even though they talk about the revenue a lot and complain a lot about the revenues, the stock market -- we hit all-time highs this year, and we're up basically for four years in a row now, and that tells me that underneath all of this complaining and fear profits really do matter, and if you look at after hours tonight, i mean, who knows what will happen tomorrow, but the companies that beat on the profits are on the upside tonight in after-hours trading. >> profits are the mother's milk of stocks, i've said it before and revenues are not the mer's milk of stocks. profits are. >> that's absolutely true. isn't it also true, brian, that when you look at fact that in general earnings are coming in pretty good for a large number of companies, we still look at -- look like the best looking girl at the dance, especially when you compare us to other part of the world like europe? >> that's abs
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: rescuers worked in wet weather today to find survivors amid the rubble from the fiery explosion at a texas fertilizer plant last night. late today, authorities acknowledged there were fatalities but declined to confirm how many. earlier estimates ranged from five to 15 though there were reports the toll would go much higher. the cause of the fire and explosion is still not known; officials said today there's no evidence of foul play. a man using his cell phone captured the moment last night when the west fertilizer company plant exploded. that flattened buildings withi
. the economy is getting worse. but the fed is all in. they're at 85 a month. now, maybe some people like jim bulllard are talking about doing more, but that's not on the fed's table right now. what's on their table is potentially tapering out of the 85 a month when the market wants more. the market is stuck. they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty bullish up until this point. when you tend to see days like this, where the day after day, up and down bid on the dow, 100-plus point move on any given day, that's a sign that this market is truly struggling. >> are you rethinking your bullish position, at least for the short-term? >> a little bit. i think the thi
on fixing it. immigration reform is vital to securing our borders, just starting our economy, and ensuring for access to that great american dream. the current status quo on immigration makes no sense. we turn away people from entering the country who could create thousands of jobs and let people crossing our borders who take away jobs. r oach ibanced. the border securitystro,ut achi. the path to citizenship is tough, but it is accessible. yes, our bill does secure the border first, but it treats the situation of those living in the shadows as an equally urgent priority. this is by design. we believe that americans will support sensible solutions to dealing with the undocumented and future legal immigrants, but only if they are convinced there will not be future waves of illegal immigrants. when the 11 million come out of the shadows and it will not only improve their lives and their families' lives, it will strengthen our country and its economies. in fact, conservative economist douglas holtz beacon has found that immigration reform will save taxpayers $2.70 trillion a. we what this legi
the state of the economy. other people are talking about technical reactions, but also the numbers from the usa are not as good anymore. bank of america reported results that have been far on next -- under expectations. >> we will stay in frankfurt for a closer look at the numbers. the dax -- it is down by more than 2.3%. the euro stoxx 50 is down by more than 2%. across the atlantic, things there are also down in negative territory. the euro is drifting lower against the greenback, trading at a value of 1.3044. >> the british retailer tesco, the world's third-largest, says it is pulling out of the u.s. market. profits fell for the first time in 20 years. >> empathy says it wants it wants to refocus on its british operations ash the company says it wants to refocus on its british operations -- the company says it wants to refocus on its british operations. >> millions of germans were disappointed today when they went to get their mail and, lo and behold, the letterboxes were empty. no holiday postcards from friends. that's because thousands of postal workers have gone on warning strik
weeks. >> the german economy is slowly awakening from its winter sleep. the country's leading economic research institutes have presented their spring forecast, saying they expect moderate growth of about 0.8% this year, but the think tanks are a bit more upbeat about 2014, where the forecast growth to reach about 2%, provided the current eurozone debt crisis does not spiral out of control. >> the economic outlook is bright. it is been booming bavaria. the state boasts near full employment. businesses like this are wide. it is an engineering firm. residential -- residents are up, order books full. it provides a snapshot of the wider german economy. one of the country's leading think tanks believes it will keep on growing because there are tentative signs europe is on the mend. >> these figures reflect the diminishing uncertainty and the fact the markets are now calmer. >> the think tank's forecast is much more optimistic than the german government policy official estimate, and ultimately, there will be exporters who decide who gets it right and who gets it wrong. >> onto thursday's mar
to get worse. their economy looks just absolutely horrible. stuart: they give very much, indeed. a very clean cut opinion. we appreciate that. thank you very much. the opening bell coming up 20 seconds from now. maybe a gain of ten-15 points. please remember we were down 138 points yesterday. 352,000 new claims for unemployment insurance. that was last week. that is a relative high number. nothing like what you expected. firing trend, the layoff trend still very much with us. we opened 11 points higher. now, we are up 23. let's get right to it. apple. where did it open today? nicole petallides. nicole: at least they have an up arrow today. we have to keep a close eye on apple. people who own apple not only is they are hot on technology, but if they are on the s&p 500. stuart: down 25% so far this year. down about 50% from september, october of last year. we get the earnings next week. a big buildup for that. tuesday of next week, i believe. the opening quote for apple had a fault right up front. that is what we were looking for. nicole: for dollars four cents. yesterday, we broke below
showed more claims and that is not great news for the economy. i wanted to take a look two names on the dow jones industrials. one is the best performer and one is the big lagger. united health down 3.5% after their quarterly numbers, then you have verizon doing well with wireless particularly and in particular hitting highs we haven't seen in ten years. back to you. lori: thank you. global growth concerns bringing an end to the stock rally, the recent sell-off prompted the next guest to make the investor's portfolio, stifle nicklaus, portfolio manager has more on what is happening. thanks for joining us. we do follow you pretty closely and return to equity and commodity as you say, fundamentals are slowing. give us the best investment advice for where we go from here. >> to put it in context our group looks at a bunch of different economic variables. we saw a trough in the process last fall and added some exposure to equities as a result of improvement and fundamentals we saw under way right after the fed and the ecb took action last spring. as we rounded the corner and came int
of the global economy. we saw russia come out last night. they warn that if the physical commodities continued a sell-off they may fall and slick themselves into a recession. if we start to see russia fall into recession, parts of europe also may fall. the u.s. to be right behind it, and this could be as serious meltdown that could occur. liz: well, a meltdown in gold. right now we're up about $4. it is not a big deal. still, well off of the eyes of the past year or so. let me just get to crude oil right now. it is rebounding a bit by about a dollar and 54. overall, the entire energy complex looks stronger. what is that duty today? >> i think we have overdone it. we oversold the market. we got into a level where commercial buyers came into start hedging positions. i'm with that. to me right now eyeleted 84 and a half to 85. from here you buy this. and we head back up higher. liz: what would drive the move fire? >> well, a couple of things. coming up with a lot of bad news right now. and there was a huge sell-off in commodities. it's it's a sex sweating over. bad economic news, the world econom
in the economy spook you a little bit? >> you know, there's always those kinds of concerns out there, but let's think back at the whole first quarter. we've been looking for a selloff, and all the pros have been saying a selloff's coming, a selloff's coming. one never came. so monday was different. you could tell the trading monday, it broke through levels it hadn't, you know, previously broke through. this was real selling. and so this is the first opportunity, i believe, to kind of start looking for stocks on sale. i'm not saying jump in, you know, both feet, but, you know, we've been looking for stocks that are on sale, and you're finally getting them this week. and so we'll be using the continued weakness that i think will continue for a few more weeks to be buying stocks. liz: okay. microsoft numbers are out, and as we put up the stock reaction and, again, right now the stock is moving higher in the aftermarket session. we're waiting on the actual details of this, but as you can see, slightly higher in the aftermarket at the appointment as we pick apart the numbers, mac. your thought on
impact on how you look at the economy right now? are are you focused on other factors? >> at this point* i don't see them has any impact it is the actions going forward but it will not have an economic impact worries about people not wanting to go to a large sporting event and fortunately we have had these kinds of episodes before an economic impact has been negligent with so one of the event. but at this point* we did see an increase with the weekly consumer confidence numbers we get out from one survey. quite honestly it is said difficult and challenging period of time. i again, i step back but we are selling back into a realization it is a tough month for the economy. connell: to that point* to get away with the leading economic indicators came in looking at the dow and the generations the leading indicators declined does that tell you anything what was the message of that? >> of course, it doesn't tell us anything we don't know but it is amazing that shift in sentiment people have in the marketplace about the economy with the last four or eight weeks with the turn of the year and th
and a reminder that the government is a net drag on this u.s. economy. >>> check out auto nation. there is no better gainer on the s&p. stock that's already up 17% this year. >> it's remarkable. >> we all know what pent-up demand is for cars. we all know the mileage that's on the average trade-in. >> i like mike jackson. when you contrast europe with the united states, think of auto nation. okay? they can't move a car in europe. they can't move one across the street. >> you're absolutely right. talk about a dichotomy. >> we are not one world. used cars going up, too? the country you can get, wells fargo largest auto loan company. you can get money for a car. it is tougher to get money. richard smith, i have this guy from realogy. a large real estate company. they're holding their value much more than you thought in the united states. >> morgan stanley is down 3%. talked about m and a, lack of activity saying it just reflects the ceo's lack of confidence with regards to earnings power. >> which is what you hear. those who are doing deals, it is interesting, are the likes of -- or
today for the next two fiscal years. the mayor said the economy's improving but not all services cut in the past will be restored. the mayor said oakland is on the rise. >> what we're proposing is what i call a fair share budget. it invests heavily in public safety, and economic development and jobs. >> the budget include twos more police academies -- includes two more police academies in the next two years. oakland's also facing increases in pension costs and benefits. hearings are scheduled ahead of the headlines on june 30th. >> this might benefit from the veterans here went through. >> san francisco rings the bell on on a era for a signature attraction, and just wait until you see the new displays at the bigger and better exploratorium. >> the bay area in the clear right now. coming up, how much warmer can you expect for thursday and the warmest day of the upcoming weekend. >>> . . >>> a gas leak in san mateo put residents in a frenzy. two buildings were e vac waited. the repair work is ongoing. >>> continue coverage of the boston marathon bombings. some say the victims will get
again and ain, they can't grow the top line because the economy isn't supporting that. what do you do? how do you respond to that? how do you protect your money? >> well the thing is you have to understand, actually mark hit on a great point, since 2009 revenuesnly grown by about 7% of the earnings have grown by almost 230%. the disparity's come from things like stock buybacks, accounting gimmickry in terms when do we account for stuff and when we don't. and so what drives corporate growth in the stock markets over the long term is that top line revenue, sales. that's what we node to see. that is what --. melissa: lance, i know that, tell me how do i protect my wealth in light of that? i hear what you're saying but you're reiterating what the guys before you said. we already agree with that. how do i protect my money >> i know. the point is we're telling you the strength of the economy the economy is getting a lot weaker here. all recent data shows it. it means cash and fixed income will perform better most likely over nt six to nine months while we g through this process. melissa: ca
for the sequester, which is currently having and will have a very, very negative effect on our economy, on jobs, and on the confidence that americans have that we are pursuing rational policy. the the gentleman and i both have agreed that sequester is not a rational policy. it deals with high priority and low priority items in very much the same way. so my question, mr. leader, is there a possibility, not on the calendar, you didn't announc it, bui w you that we go to conference, preferably, the first day we are back, after this weekend, so that we could get to work on trying to get to an agreement on one of the most pressing problems in front of this country, and that's getting ourselves on a fiscally sustainable path. i yield to my friend. mr. cantor: i thank the gentleman. i appreciate the spirit with which he recommends that we proceed along the lines of those individuals that he spoke about had asked for. and i would say to the gentleman, mr. speaker, that i'm told that our chairman and the chairman on the other side of the capitol, ms. murry, they are meeting and looking to see the path f
% of poll, only americans think that control is an important problem mostly economy in general, 24% think that is most important. federal budget deficit and federal debt is 11%. here is the front page of "the new york daily news," -- lindsay is an independent here in washington d.c.. you are on "washington journal." am really sad and i want to make sure if one does in this country that 31,000 people per year are killed by guns. this is a normal and we did this is a horrible number for its allies civilization. horrible number for a civilization. stronger gun laws can make a difference. calling in.you for this is the front page of " the washington times." michael is from rockville center, new york. caller: the reason this legislation failed is not only would it have not prevented the terrible tragedy that occurred in connecticut but also the tragedy in colorado. abroad is lacking because it would appear both parties have used this issue to raise money and at the same time not really address it responsibly. i think most americans are on to the fact that would appear you bringin -- that what
dangers within our economy. one would be interest rates rising. i asked this to people i consider to be smart, big bankers, nature capital centers of the world. can they control just raising keep interest rates below? is there a point at which the central cannot keep pace. interest rate to 7% are when i was a kid, 19% were 21% would be catastrophic with this burden of debt. he seems to work right now, but there is a certain allusion of wealth in the stock market and evolution of the peace we can manage our debt. those are my concerns and because of that, we have to do long-range things. i propose several things since i've come. i propose fixing a security problem. to me it's an actuarial problem. you raise the age gradually 27862 thirds of the social security deficit. fix the remaining by testing the benefits. the president has occasionally sad he's for entitlement reform, but is not shown much leadership on this premise seems to benchmark per se, but any with him at least a 47 republican senators, we sat around a table that he and the vice president a year and half ago and i told
result. also what i liked is some of the bright spots that we see in an otherwise challenged economy. namely, the recovery of housing, particularly in our big housing states of california and florida. this has put an underpinning under consumer confidence and we see the preassumption of home construction, the energy situation in texas is very strong, lead to go an increase in pickup truck sales for us of plus 18%. we also had significant acquisitions in the quarter. in both phoenix and dallas, revenue run rate of 250 million, which when combined with last quarter is now over 800 million of acquisitions within the last six months and is, finally, and last but not leaf least, we've branded 0% of the company now under the flag of auto nation and the branded markets, even though we walked away from some names that were 80 years old, improved share right out of the box. >> that's what i was thinking, you know, wayne has been trying to get you to do that for a while and you finally listen to him and then you get the best quarter ever. >> yeah, you know, i should always listen to wayne soon
sector said they had to layoff employees after last month's automatic budget cuts. most said the economy could continue to improver but they said it was a major threat to recovery. but they said it was major threat to recovery. this is due to the higher cost of fuel imports as the yen continued to weakened. finance ministry officials said the trade deficit came to $3.7 billion. exports rose 1.1% from a year earlier in yen terms. that's the first rise in two months. imports rose 5.5%. it rose for a fifth straight month. higher demand for crude oil and liquefied gas was aajor stumble. the dow jones industrial average ended up 14,618. down more than .9 of a percent. for more on how stocks are trading, let's go to ramin at the tokyo stock exchange. seems like we're having a bald week with stocks up and down every day. >> it does seem that way. we had housing data on tuesday that rose and now we see the likes of bank of america and some of the major tech suppliers coming out with weak numbers and forecast this which pulled down the key indexes as well. let's look at how that is translating in
area economy but apple has been struggling. the stock price tumbling leading people to wonder about the future of apple. >> let's bring in scott budman. is it speculation or tangible? >> lots of selling in apple stock lately. for the last several months the overall market has been rising. for today the stock falling 5.5% dipping below $400 oa share. in september apple traded above $700 a share. even as demand stays strong for the products there is concern about if in the overall economy's future. apple stores are still full of shoppers but some apple investors have an empty feeling these days. shares of the company are now down to levels not seen since 2011. is it time to panic? >> in my 30 years the warning that apple days are over and numbered have come up four or five times and apple has always rebounded. >> apple shares have soared and sunk along with the overall market even shaping things up for bay area gold buyers and sellers. he saw his shiny investments tumble hundreds of dollars in a week. >> we are going to give you a total. >> to be honest with you when i saw it i litera
percent say the economy is the most important issue facing this country. 18 percent say it's unemployment and jobs, of course. satisfaction with the government itself. 16 percent -- i mean, these are the beginnings of a list for anyone's agenda and politics in this country. anyone responsible for government. 11 percent said it's the deficit and debt. now, you may have noticed, we are not seeing any legislation, not heang a lot of talk about programs and responses to deal with these issues. and then there is, of course, health care. 6 percent. 6 percent say that is the most important issue. 5 percent say it's ethics. i have to say, 5% as a little small for me on this. the ethical and moral and family decline in this country. are you kidding me? 4% say immigration. i know what your thinking. we have seen a huge immigration bill introduced. well, 4 percent say that it's education. the number one issue in the country. and another 4 percent say guns. isn'that interesting? guns. here is what the hundred and 13 congress that succeeded at doing so far this year. they put together seven measures,
to the beige book, the fed sees moderate growth in the economy led by sales of homes and cars. todd horwitz of averagejoeoptions.com joins us on this thursday morning for a good look at the market. good morning to you. - good morning angie. - fears are rising out there. the volatility index, the vix, made a big spike this week. what is that telling investors and traders? - i think what you are looking at here angie is the markets are starting to turn over a little bit. we had a little sign that volatility was going to increase as the bond market was going higher, as the equity markets, the stocks that were being bought were more in the defensive sector. so now finally options are being bought instead of sold, though we are now getting a little bit more fear here in the market, and that is what we are signaling. we are seeing the market possibly changing directions and this 1550 level in the s&p is going to be real key. if we goes significantly below there, we should have a real good sell-off. - todd, who is losing money as gold goes lower? i know central banks might be losing money, and eve
invested in the innovation economy, and they wanted us to do what we've always done historically, rebuild our infrastructure. for us back home, that means rebuilding our levees, our roads and our highways. they want washington, d.c., to start getting about the business of pushing this country forward. i applaud these community leaders because this is exactly what citizen-led democracy looks like. mr. speaker, i applaud the sacramento metro chamber of commerce for their leadership, and i look forward to the 44th annual cap to cap next year. i yield back the balance of my time. the speaker pro tempore: for what purpose does the gentleman from illinois seek recognition? >> i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, for my neighbors and friends back home in illinois and families across the country today is tax freedom day. the date at which the average american worker will finally start earning money for themselves after paying their federal, state, and local tax obligatio
know you are aware six of the 10 fastest growing economies in the world are located in sub- saharan africa, and it is my hope to the extent possible that the state department will prioritize trade with the african nations. you should know that we have a bipartisan, bicameral effort working in conjunction with chairman smith to quickly put forward a renewal of the africa growth and opportunity act. so i have four questions i'd like to ask you. i wanted to know what steps are you taking to focus on africa's extraordinary growth potential? what are your thoughts about the u.s. appointing a special envoy to the d.r.c.? does the request for peacekeeping operations accurately reflect the growing needs on the continent? and can you comment on the significance of the 6% cuts to usaid hiv-aids funding. >> let me emphasize first of all that we are really pleased that pepfar was able to be held whole. i think that's vital. i have personally visited, i was in durbin, north of durbin in the mountains watching how that program is being effectively administered and the difference it has made. we a
and the economy, then it reverted back to talking about the economy and jobs, the president has been on the record quite a bit opposing legalization and the decriminalization of our drug laws. but he is very much on the record of saying that a public health approach would be most effective. so i looked at both candidates, i could not certainly be more supportive of not only the person that i work for, but the support that he has given, given me and given this office in reforming the policies that i talked to you about a minute ago. >> thank you. >> will thanks. >> how old you characterize the pharmaceutical companies' responses to the abuse of prescription narcotics? i know you touched on prescriptions, but we do have a question, wondering if you could expand. >> and there has been some progress by the pharmaceutical industry on this. first of all, as you know from some of the news releases yesterday from the food and drug administration, the abuse/deterrent formulas of these very powerful prescription drug oxycontin is not to going to become a generic that can be easily abused. in other words, in
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> this is cnn breaking news. >> welcome back to our viewers in the united states and around the world. we are continuing to follow the latest on our breaking news. a huge plant blast at a fertilizer facility in west, texas. massive explosion there. a small town, less than 3,000 people, just north of waco. officials don't know about how many are dead but they know somewhere between 5 and 15. developing situation. more than 160 people have been injured, treated at local hospitals. but still ongoing situation, john. >> that's right. a search and rescue operation under way. homes and businesses have simply been leveled. now, while that's going on, new developments in what authorities call perhaps the possible breakthrough in the investigation here in the boston marathon terror attacks. investigators pinpointing now two men they say caught on camera near the finish line. there are pictures coming from an analysis of surveillance video from a lord and taylor department stor
're going to come back with the latest after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. it's lots of things. all waking up. ♪ becoming part of the global phenomenon we call the internet of everything. ♪ trees will talk to networks will talk to scientists about climate change. cars will talk to road sensors will talk to stoplights about traffic efficiency. the ambulance will talk to patient records will talk to doctors about saving lives. it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. the next big thing? we're going to wake the world up. ♪ and watch, with eyes wide, as it gets to work. ♪ cisco. tomorrow starts here. >>> you're looking at pictures of an explosion right near waco, texas, about 18 miles away. this is a fertilizer plant, there was an explosion there around 7:50 texas time tonight. that's central time. a very severe explosion. right now, the area around it is being evacuated. people in the neighborhood have told us they have been evacuated. our un
's an economy and you struggle hard to develop that if you can. but when you're in the theate if people are 40 or 50 feet away there's a lot you have to do with your voice. you have to be able to talk in a way he has a laugh line every night where he says "i'm not prejudice, i'd say that to a blank or a blank." the racial line. and that line should work if you start with "i'm not prejudice, harold." they've got to hear that. but there's always in the theater -- the heavy lifting is done by the actors in order to pull the audience where you want to go. >> rose: do you find that true? this is the first time you've been on broway. >> this is theirsttime i've be on broway. i've done theater in london but it is extraordinary how different so far the experience has been. >> rose: how so? >> well, because i think american audiences are so much more vociferous and kind of -- literally it feels like i imagine kind of elizabethan theater would have been like. >> rose: engaged? >> massively engaged. so responsive to minutia and -- and i think when i first thought this play -- and still now i took it -- i
's market update. just one week after the market hit an all-time high. stocks fell amid new signs economy. poor earnings news from bank of america. and an apparent drop in demand for apple i- pods and i-phones. also contributed to the drop. here are the closingthe dow lost 138- points nasdaq fell 60- points. the s-and-p 500. fell 22- points. >> jacqueline: it certainly was nice out today with two- five degrees warmer and here is a look at our high temperatures. the 60s, the 70's, nearly everywhere. half moon bay, was 57 degrees. 60s and santa rosa. 71 in richmond. '70s in oakland really a nice afternoon. it remains a fairly nice evening. still, 58 in richmond. sunnyvale, and pleasanton is going to be a mild night tonight. the wind has died down and it will stay warm overnight. with 40's tomorrow. mild temperatures and the calm winds even if warmer with two-five degrees of warming up expected. that will continue for the weekend. i will tell you more about that and a look a your extended forecast, coming up. for the first time in more >> pam: than 40 years. san francisco's exploratorium ha
through our bureau of fire prevention, our permits division. so, as a result, we have seen as the economy increases, the revenue coming back to our bureau of fire prevention. however, we are -- because of the work load returning to the bureau, we are requesting additional personnel resources consisting of inspectors being assigned to the bureau to handle that increased work load. the net result of the new anticipated revenues and rotv is counted towards the department's target reduction. the new eoa i talked about, exclusive operating area, will result in a changing ambulance system structure for the department. the department's increase in call volume has already been incorporated into the department's budget. the system as a whole has seen increases in call volume over the past few years and we anticipate we will continue to see this in the next year, resulting in increased revenue. and then again also with the recovery from the emergency medical transport tax or reimbursement. for expenditure reductions, we are reducing our materials and supplies budget in attempt to meet the target. a
diversifying the economy. charlesly, we asked platt what he would say in a message to president obama. >> come see us in detroit. there are a lot of great things happening. you do not always hear about them. come see what we're doing here. take a many campaign promises were made in 2008 and 2012. the most important of all is president obama made to himself, people go into public service for reason, power, money, prestige or wanting to change the lives of many for the better. the best with president obama can show what his reason was, and in turn, what kind of a leader of the van he is would be to help the very people, places, and community that -- community that spurred a young man to action many years ago. >> congratulations to all the letters in this year's sudent cam competition. >> coming up today, 'washington rnal" is next. then,he
epidemiology bio markers and prevention. >> in a tough economy workers may not be getting raises or bonuses they'd like but they're getting gift cards. incentive research foundation says about two thirds of the companies now use gift cards to give employees a pat on the back. research shows almost half of the companies say they use them as holiday bonuses buying in bulk saves the company money with most cards valued from 25ses today 150s oodz consumer reports partnered with 7 on your side for a report on the newest ways to pay at the register. >> over the last year more people are paying for stuff by waving, sliding or tapping their phones. more apps offering ways to way. they're called digital wallets. consumer reports money advisor take a look at several to see if you can leave your wallet at home. >> marisa is paying using square wallit's digital application. >> i hate caring -- carrying a lot of things. i find doi have a phone on me. it's simple. >> star bucks is one of the hundreds of thousands of businesses that have signed up for square wallet, sque is compatible and consumer reports
to private sector federal systems, the nation at critical infrastructure and our economy. it supports the president's executive order to improve on the cyber security and critical infrastructure security and resilience. finally, to ensure continued resilience to disasters, the president's budget focuses on emergency management. it includes resources for the disaster relief fund for declared disasters or emergencies. the administration is proposing the consolidation of 18 grant programs into one national program to create a robust national response capacity while reducing administrative overhead. this competitive, risk based program will use a comprehensive process to identify and deploy capabilities, put funding together quickly and require grantees to report on their progress. it is this kind of funding that has enhanced capabilities in cities like boston. since 2002, the boston urban area has received $300 million in federal grant funding, which is used to equip tactical teams. within the last year, the metro boston homeland security region used funding to provide training to improv
when it comes to pulling the lever in the polling booth, did the representative help the economy? but there is the other side of the debate who vote only on gun rights, and that will be driving their votes and that's what people are responsive to. that's why single issue politics can triumph like it did today. >> john: you're right until someone they love is shot in the face by one of those illegal guns that they care so much about. tim dickinson thank thank you for coming on the show and your continued writing on this. >> absolutely. >> john: if you saw the news on the boston marathon you know that they had a suspect, he was arrested but ten he wasn't. it's been a confusing day. we'll clean up all the details for you coming up next. >> john: there may an break through in the investigation of the bomb,ing attack at the boston marathon. investigators led by the fbi are reportedly found images in a veins video that shows a possible suspect carrying and then perhaps dropping a black backpack similar to the shredded remains of a backpack believed to have held one of two pressure cook
in this country or the strength of the economy i should say. the philadelphia fed's manufacturing index dropped substantially at a time when everyone was expecting it to rise a little bit. that led to fears along with fears of a recession that is under way in europe and some softness in the chinese economy that we are far from out of the woods in the worldwide economic situation in the dow. the dow is down 45 points right now. jenna: well the ricin poison scare is rattling washington and quite frankly the country. an eerie reminder of deadly anthrax attacks right after 9/11. our next guest on the lessons we have not learned since then [ male announcer ] extreme power. ultimate savings. get both now at your polaris dealer during the xp sales event. rebates up to $1,000 and financing as low as 2.99% on the world's best powersports li-up. incredible deals on hard-working rangers, smooth-riding sportsmen, and razor-sharp rzrs. hurry to your local polaris dealer for rebates up to $1,000 and financing as low as 2.99% during the polaris xp sales event. jenna: right now the ricin scare that has been ra
-- angst on the street and this sort of thing is just outside noise, added to fears the economy is slowing, do you weak numbers today and concerns about earnings that wasn't up to snuff, united health group and ebay, they were selling so much going on. so fast. more after this. [ male announcer ] straight from red lobster's chefs to your table for a limited time! it's our seafood dinner for two for just 25 dollars! a handcrafted seafood feast made to share. first you each get salad and unlimited cheddar bay biscuits. then choose two from a wide variety of chef-inspired trées like our new honey garlic crispy shrimp or new seafood lover's lingui. round out your seafood dinner with your choice of either an appetizer or dessert to share! don't miss our seafood dinner for two, just $25 at red lobster, where we sea food different. introducing chase liquid. card hassles? don't miss our seafood dinner for two, just $25 the reloadable card that's easy to activate and can be used right away. plus, you can load cash or checks at any chase depositfriendly atm and checks rightrom your smartphone. get
are the economy and unemployment, we don't do anything about those because the republicans would filibuster the hell out of any stimulus bill. on the other hand, tricia's point they know the nra will come to get them. they think in the general election 4% of the people care most about this issue, even though 91% of the country disagrees with us, we might not pay a political price for it whereas we know the lobby--the gun lobby will make us pay a price for it. isn't that what is wrong with our structurally with the current democracy. >> of course that's what is wrong with it. weakening that lobby is a very important part of it. but also changing the rules of the senate is a part of it that has to meet that weakening halfway. and when you have these senators who are afraid to vote for something because of the grade they're going to get. max baucus when he said why he didn't vote for it, one word, montana. the nra and the crazy support of max baucus. i'm not going to say it's crazy to support max baucus because they got what they wanted but they're so supportive with money you understand why t
're saying it does not matter what the size of the economy is, whether we be small or large we all have a moral responsibility to the next generation to do as much as we can. that's why they're moving forward. >> michael: let's take it to the united states. from your international perspective and. >> i wouldn't call it inaction. i would call it inefficient action. i'm congratulating california for having moved forward with a cap and trade program inaugurated this year. california has already moved to pricing carbon, and toward all the different element steps on the way to reduce emissions to meet their own state level target. that is very commendable that california as a state is seeking the leadership role here in the united states. and the federal level, the federal government has regulated a little bit better the standards and what the standards have to be for any new power plants. having said that i think it is no secret that the world as a whole expects the united states to be a true leader on this, and the united states is not yet a true leader. i have heard president obama's many
with best-in-class fuel economy. engineered to move heaven and earth. guts. glory. ram. the new ram 1500. motor trend's 2013 truck of the year. using night-vision goggles to keep an eye >>> still ahead, i'll talk to victims next. ke your wheat thins? i don't know. an intruder, the dog, bigfoot. could you get the light? [ loud crash ] what is going on?! honey, i was close! it's a yeti! [ male announcer ] must! have! wheat thins! >>> today the president thanked the volunteers who risked their own lives to save others. volunteers like the soldiers who ran straight into the blast, ignoring their own safety to rescue other people. before sunrise monday morning, first lieutenant steven fiola and a crew of 15 of his fellow massachusetts national guard soldiers set out to walk the 26.2 miles of the boston marathon course together, to honor their fallen comrades, decked out in fatigues, carrying 40 pounds of gear on their backs, the soldiers set out on their eight-hour march to the finish line. but just moments after reaching the end of the race, the blast went off. instead of running away, lieut
that reinforces everything anything on in our economy world with a continuous flow of weird unconnected news, there is no normal to return to, we're looking for, please tell us it safe. and unfortunately it is not proving to be safe. neil: what if it is al qaeda? if the fear that we had kept al qaeda at bay is not the case? then it changes a lot of folks' sense of security. >> there is no question, that woulding very negative for the market. we experienced a bombs in one of our great cities like boston following a huge porting event on patriots day. >> are you surprised -- so to, that and we're looking at market react, but tepidly slow, i would have expected even more, that maybe not you, what do you think? >> i think i wwuld have too. if for past 12 years or 11 and a half since 9/11 i had a sense, that there is probably not going to be a lot more of those big ones because we got moved to action but this idea of soft target, of you know, can i explode a device in a shopping mall or amusement park or a church, that idea has haunted my, i am amazed that more has mottnot happened, i hava agree
economies, our countries unsustainable debt. it's disingenuous and more importantly it's just wrong. defense spending accounts for approximately 18% of the federal spending annually while nonsecurity mandatory spending accounts for 60%. we are on a path where an insatiable appetite to face domestic spending in mandatory programs are consuming our defense budget and will soon result in a hollow military. the commander-in-chief must take a lead in restoring certainty to our budgeting process to ensure that our military leaders have appropriate resources to develop and execute plans and manage the department of defense efficiently. i've repeated the warnings of admiral cindi wind field the vice chairman of the joint chiefs many times over the last three months and this quote is an accurate cole which he is referring. quote i know if of no other time in history when we have competent julie down this far this fast and the defense budget. there could be for the first time in my career instances where we may be asked to respond to a crisis and we will have to say we cannot do it. we have to correct
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